Central America

Central America

02 May 2015
$1.1 billion terminal operator ICTSI sold its stake in a Japanese container terminal on Okinawa to focus on other global port operations.
01 May 2015
Panama’s cabinet council has approved a request by the Panama Canal Authority to implement volume-based discounts for container ships. The new toll schedule will take effect April 1, 2016.
01 Apr 2015
Officials at the Panama Canal say an “unusual” backlog of vessels on either side of the waterway is likely due to the lingering effects of U.S. West Coast port congestion more than a month after acrimonious labor disputes there came to a close.
31 Mar 2015
Development of Panama Pacifico, a master-planned community located on the former U.S. Howard Air Force Base near the canal, offers more than 516,000 square feet of expansions and new development projects, and the site has more than 365,000 square feet of available Class A office space, allowing for long-term growth opportunities.
30 Mar 2015
Officials at the Panama Canal on Monday were still working their way through a significant vessel backlog after an “unusual” increase in the number of ships awaiting transit began to back up outside the waterway weeks ago.
26 Mar 2015
A year before its scheduled completion of a $5 billion-plus expansion, the Panama Canal Authority is discussing the idea of building even larger locks to allow head-to-head competition with the Suez Canal.
18 Mar 2015
The agency responsible for the operation and management of the Panama Canal has asked for an international arbitration panel to review a $233 million award to the consortium expanding the waterway.
17 Mar 2015
Environmentalists and human rights activists warn that Nicaragua’s granting of a 100-year concession to a Hong Kong construction firm with unclear financial backing sets in motion a nightmarish scenario fraught with violence, depletion of the region’s largest source of freshwater and destruction of biodiversity.
09 Mar 2015
A new design for a refrigerated ship built for banana shipments and roll-on, roll-off cargo promises more capacity, faster loading and unloading, and better fuel efficiency than its counterparts, its designer says.
03 Mar 2015
The Panama Canal Pilots Union, which is in negotiations for a new five-year contract, said it was encouraged by statements made by Panama Canal Authority CEO Jorge Quijano at the 15th annual TPM Conference here Tuesday.
03 Mar 2015
Panama Canal Authority CEO Jorge L. Quijano said that it’s possible for Nicaragua and its Hong Kong backer to build a rival canal in five years, but it’s not a “feasible investment from a private investment standpoint.”